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BC Government Invests $11.5M in New CleanTech Marketplace Platform and Initiative, Partners With YVR to Electrify, Reduce Emissions
Tuesday, December 6, 2022
Vancouver, BC, December 6, 2022--(T-Net)--The Government of BC announed today a new provincial initiative for B.C. companies to develop and sell clean-tech solutions locally, so they can solve industry challenges.
The Integrated Marketplace Initiative has kicked off with a pilot project that links Vancouver International Airport (YVR) to B.C. clean-technology companies that they hope can help electrify its operations to meet its net-zero by 2030 commitment and become the world's greenest airport.
Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation
"With the strongest economic recovery in Canada, B.C. is leading the transition to a high-wage, low-carbon economy," said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation. "The Integrated Marketplace Initiative is a part of a comprehensive economic plan that invests in our people, our communities and our environment for a better tomorrow."
The Government of B.C. says it is investing up to $11.5 million to develop the new initiative and create a unique marketplace that matches innovators of clean, made-in-B.C. technology with industry buyers looking for clean-tech solutions.
This will provide small B.C. clean-tech companies with a platform to test their innovation on real-world challenges, while B.C. industry gets help solving challenging business problems. This will result in domestic customers for B.C. clean-tech companies and proof of concept to support scale up and export of B.C. innovation.
The Integrated Marketplace Initiative begins with YVR as its initial testbed, to support its goal to transition airfield vehicles, primarily ground-handling equipment, such as baggage tractors, belt loaders and stair trucks, from diesel to electric power.
"We proudly signed on as the first testbed partner with the Province," said Tamara Vrooman, president and CEO, Vancouver Airport Authority. "At YVR we have a deep commitment to climate action and continuous innovation. That innovation can be seen with our digital twin and with innovations such as this to electrify our operations and reduce emissions. These activities will continue to propel us towards our goal of becoming net zero by 2030 and the greenest airport in the world."
At YVR, an alliance of providers and buyers will work together to identify business needs and source and test made-in-B.C. clean-technology solutions that reduce greenhouses gases, increase productivity and improve safety. This will allow for more streamlined innovation for B.C. companies, while driving and exporting more sustainable solutions to benefit all British Columbians.
The Initiative aims to:
The creation of the Integrated Marketplace Initiative is a key action of the StrongerBC Economic Plan, which moves B.C. forward by tackling the challenges of today, while growing an economy that works for everyone.
Quick Facts:
Learn More:
For more about YVR's Digital Twin project, visit: https://www.yvr.ca/en/media/news-releases/yvr-digital-twin-launch
Government of Canada's Net Zero Challenge: https://www.canada.ca/en/environment-climate-change/news/2022/08/net-zero-challenge.html
YVR Reaches Highest level of Airport Carbon Accreditation: https://www.yvr.ca/en/media/news-releases/2022/yvr-achieves-level-4-aca
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